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re: Real estate prices in other cities
Posted on 6/9/21 at 8:28 am to Dandaman
Posted on 6/9/21 at 8:28 am to Dandaman
quote:
People in Places like Dallas and Denver are getting rich just owning houses. Meanwhile, in Louisiana, our economy is shite and our real estate market is shite (comparatively speaking). Is living here like swimming up river? Are we stupid for staying?
Where do you live that the real estate market is not on fire year over year. Also, are they getting rich just owning a house? Wouldn't they need to sell it? If they sell the house they have to buy a new house in the same area presumably at inflated prices. You can get a decent house in much of Louisiana for $200k. In most of the places you just mentioned the price for the same house is likely $500k or more.
Housing has been under built for the last 10 years. This was inevitable. COVID just increased the pace of it.
This post was edited on 6/9/21 at 8:30 am
1
Posted on 6/9/21 at 9:13 am to go ta hell ole miss
I'm just saying that if you live in a prosperous state or city that your net worth will likely increase MUCH faster than if you live in a shitty place - regardless of what job you have.
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